Oppenheimer Asset Management Inc. lessened its stake in L3 Technologies Inc (NYSE:LLL) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,096 shares of the aerospace company’s stock after selling 85 shares during the period. Oppenheimer Asset Management Inc.’s holdings in L3 Technologies were worth $712,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. River Wealth Advisors LLC increased its stake in L3 Technologies by 16.1% in the 4th quarter. River Wealth Advisors LLC now owns 540 shares of the aerospace company’s stock worth $94,000 after buying an additional 75 shares during the period. Contravisory Investment Management Inc. increased its stake in L3 Technologies by 5.6% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,954 shares of the aerospace company’s stock worth $339,000 after buying an additional 103 shares during the period. IMS Capital Management purchased a new position in L3 Technologies in the 3rd quarter worth about $43,000. Neville Rodie & Shaw Inc. increased its position in L3 Technologies by 17.5% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 1,675 shares of the aerospace company’s stock valued at $291,000 after purchasing an additional 250 shares during the period. Finally, BB&T Corp increased its position in L3 Technologies by 8.6% during the 4th quarter. BB&T Corp now owns 3,337 shares of the aerospace company’s stock valued at $579,000 after purchasing an additional 264 shares during the period. 81.83% of the stock is currently owned by institutional investors.

LLL has been the topic of a number of research reports. Citigroup cut their target price on shares of L3 Technologies from $224.00 to $205.00 and set a “buy” rating on the stock in a research report on Monday, January 14th. Credit Suisse Group raised their target price on shares of L3 Technologies from $238.00 to $272.00 and gave the company an “outperform” rating in a research report on Monday, October 15th. SunTrust Banks raised their target price on shares of L3 Technologies to $268.00 and gave the company a “buy” rating in a research report on Tuesday, October 16th. JPMorgan Chase & Co. downgraded shares of L3 Technologies from an “overweight” rating to a “neutral” rating and cut their target price for the company from $245.00 to $240.00 in a research report on Friday, November 2nd. Finally, ValuEngine downgraded shares of L3 Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, December 23rd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. L3 Technologies has an average rating of “Buy” and an average target price of $228.90.

NYSE LLL opened at $205.85 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.56. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26. L3 Technologies Inc has a one year low of $158.76 and a one year high of $223.73.

L3 Technologies (NYSE:LLL) last posted its earnings results on Tuesday, January 29th. The aerospace company reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.44. L3 Technologies had a net margin of 9.81% and a return on equity of 15.27%. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter last year, the firm posted $2.25 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts expect that L3 Technologies Inc will post 11.49 EPS for the current year.

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About L3 Technologies

L3 Technologies, Inc provides aerospace systems, communication, electronic, and sensor systems used on military, homeland security, and commercial platforms in the United States and internationally. It offers simulation and training, night vision and image intensification equipment, and security and detection systems; and components, products, subsystems, and systems, as well as related services to military and commercial customers in various business areas, such as total training solutions, power and propulsion systems, aviation products, precision engagement systems, and security and detection systems.

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Institutional Ownership by Quarter for L3 Technologies (NYSE:LLL)

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